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https://bit.ly/3PKhX4O In this episode of the Rich Dad Radio Show, host Jaren Sustar is joined by real estate entrepreneur Jesse Vasquez to explore one of the fastest-growing trends in property investment: mid-term rentals. Positioned between short-term vacation rentals and long-term leases, mid-term rentals are gaining traction as a stable and profitable option for investors. If you're looking to diversify your real estate portfolio, this episode is packed with actionable insights on how to capitalize on the mid-term rental market. What is a Mid-Term Rental? Jesse Vasquez breaks down mid-term rentals, defining them as stays ranging from 30 days to several months. This strategy offers a perfect balance between the quick turnover of short-term rentals and the stability of long-term leases. Mid-term rentals are increasingly popular among professionals like travel nurses, engineers, and individuals on temporary assignments, providing consistent and reliable income for property owners.Why Mid-Term Rentals are BoomingThe episode explores why mid-term rentals are on the rise, with Jesse explaining several key advantages:
- Professional Tenants: Mid-term rentals often attract professionals on temporary contracts, meaning lower turnover and property maintenance compared to vacation rentals.
- Stable Income: With fewer seasonal fluctuations, mid-term rentals provide a steady income stream, making them a reliable choice for investors.
- Regulatory Benefits: Unlike short-term rentals, mid-term properties often avoid city regulations that limit short-term stays, giving investors more freedom and stability in their rental operations.
Key Strategies for Mid-Term Rental SuccessJesse shares practical steps to get started in the mid-term rental market:
- Location Matters: Focus on properties near hospitals, universities, or project sites to attract long-term tenants like travel nurses or professionals on assignments.
- Target the Right Property Type: Three-bedroom, two-bath homes in good neighborhoods are ideal for mid-term rental success.
- Leverage Partnerships: Build relationships with hospitals, insurance agencies, and construction companies to maintain a steady pipeline of tenants.
- Smart Use of Technology: Utilize platforms like Furnished Finder and LinkedIn for tenant outreach, and consider using property management tools to streamline operations.
00:00 Introduction 01:33 Understanding Midterm Rentals 02:10 The Benefits of Midterm Rentals 04:04 Jesse's Journey into Midterm Rentals 07:11 Target Audience for Midterm Rentals 09:49 Building a Business with Midterm Rentals 11:59 Impact of COVID on Rental Markets 18:32 The Future of Midterm Rentals 23:02 City Regulations and Short-Term Rentals 23:37 Challenges and Criticisms of Short-Term Rentals 24:29 Midterm Rental Business Strategy 24:44 Criteria for Selecting Midterm Rentals 27:03 Marketing and Partnering for Midterm Rentals 28:38 Income and Expense Management 32:03 Operational Tips for Midterm Rentals 40:29 Overcoming Challenges in Midterm Rentals 41:46 Opportunities in the Midterm Rental Market ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
